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Saturday, July 31, 2010

World economy won't be doing well. Stock markets may crash!

US latest quarter economic growth is only 2.4% compared to its previous quarter of 3.7%.  Spain's unemployment is slightly above 20%, more than US during the financial crisis.  EU constitutes 30% of world trade and is expected to fall significantly.  US constitutes 23% of world trade and is also expected to fall significantly.  China constitutes 13% of world trade and is under going fat trimming programmes.  Asia stock markets are overbought as funds shifted to Asia.  We are in the darkest moment of our lives now and daylight is not within sight. God bless us all!

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